The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
US Congressman and co-chair of the India Caucus, Rich McCormick, has emphasised that the India-US strategic partnership is crucial for global "peace and prosperity" following the recent trade deal announced between the two countries.
According to The Hill, the measure was passed by a narrow 217-214 vote and has been sent to US President Donald Trump for his signature, which is expected to formally end the four-day shutdown that began on Saturday.
Speaking to ANI, the Rajya Sabha MP said, "I think it is a historic deal. Full credit goes to the Prime Minister, who has waited patiently to ensure the best conditions were in place to finalise the deal. It is also attributable to the strong personal chemistry he has with President Trump
"Till the Prime Minister's visit to China for the SCO Summit, comments from people around President Trump were very critical. But after the optics of the PM's meetings with President Putin and President Xi, the tone changed. President Trump began posting that India and PM Modi are great frie
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, described the agreement as "much-awaited" and transformational for both economies. "The deal marks a significant milestone, unlocking immense opportunities for investments and growth, and added that the flurry of free trade agr
"And I think this is something quite extraordinary that in a matter of few days, we have concluded two of the largest deals possible, one with the European Union and one with the United States. And I think this opens up huge opportunities for us in terms of our aligning with global supply ch
In its report titled "India: US-India conclude trade deal: President Trump lowers 'reciprocal' tariffs on India to 18%", Goldman Sachs noted that President Trump announced on social media a reduction in the reciprocal tariffs on Indian goods imports to 18% down from the earlier 25%, 'effecti
Union Home Minister Amit Shah on Tuesday stated that the India-US trade agreement will boost MSMEs, global competitiveness among small industries, and increase employment opportunities.
Uttar Pradesh Chief Minister on Tuesday thanked PM Narendra Modi and US President Donald Trump for reducing tariffs on Indian goods and recognising India as a reliable partner.
Dravida Munnetra Kazhagam (DMK) MP Kanimozhi Karunanidhi on Tuesday said that there has been no clarity from the government on the India-US trade agreement, demanding to know if the farmers are protected within the agreement.